PART A Descriptive Questions Choose 3 out of the 6 below essay questions to answer. Be sure to provide complete answers to the questions. Question 1 1.1 What is a strategic decision and what are its...

1 answer below »


PART A


Descriptive Questions



Choose 3 out of the 6 below essay questions to answer. Be sure to provide complete answers to the questions.



Question 1


1.1 What is a strategic decision and what are its three characteristics?


1.2 Briefly describe the Mintzberg’s and Quinn modes of Strategic decision making.


1.3 Explain the strategic decision process.



Question 2


Answer the following questions from the perspective of Porter’s industry analysis diagram -


2.1 When do suppliers have a stronger bargaining power? State at least 3 reasons.


2.2 When do consumers have a stronger bargaining power? State at least 3 reasons.


2.3 Is Pepsi Cola a substitute for Coca-Cola? Justify your answer



Question 3


Explain in details Porter’s Competitive Strategies using the diagram below:



Question 4


4.1 Name and define the basic elements of the strategic planning process.


4.2 Define mission and vision and what role the organization vision plays in the strategic


planning process



Question 5


5.1 Define diversification strategy and give examples of diversification.


5.2 What are the two types of diversification strategies (name and define both)



Question 6


6.1 Define and explain the VRIO framework.


6.2 Explain the difference between core and distinctive organizational competency.



PART B


Case Study



Read and answer any 5 questions of your choice related to the case study Apple Inc 2010.



1.
Explain Apple’s Inc achieve its strategy from the perspective of cost and differentiation.



2.
Analyze the Personal Computer industry. Are the dynamics favourable or problematic for Apple?



3.
How sustainable is Apple’s competitive position in PCs? Explain fully and justify your answer.



4.
How sustainable is Apple’s competitive position in MP3 Players?



5.
How sustainable is Apple’s competitive position in Smartphone? Use the VRIO framework to address this question.



6.
Discuss howApple places itself in a position of strength relative to industry forces.Apply Porter’s five forces model.

Answered Same DayDec 25, 2021

Answer To: PART A Descriptive Questions Choose 3 out of the 6 below essay questions to answer. Be sure to...

Robert answered on Dec 25 2021
128 Votes
Running Head: Management
1
Case Study Analysis
Course Code
Instructor Name
Student Name
Date
Management
2

Question 4
4.1 Name and define the basic elements of the strategic planning process.
Basic elements of strategic planning process
Communication strategy
It i
s the duty of the mangers to give importance to the communication strategy. We can
understand that most of the business organizations are giving importance to proper
communication strategy in order for implementing the plan in a effective way. We know the fact
that if the communication strategy is not effective it will directly affect the overall operations of
the company. In order for developing an effective communication strategy the management has
to consider resources, people and systems (Brem et al 2016).
Strategic planning task force
In order for implementing and developing an effective strategic plan the company required team
of skilled and talented employees. Most of the companies are using different methods for
selecting the team. It is the duty of the managers to provide quality training and development in
order for improving the skills and abilities of the task force
Vision statement
We know the fact that it is the duty of the organization and managers to set the plan for the future
activities. If they are not considering the future aspects it will affect the overall operations of the
company in future
Mission statement
Management
3

It helps the organization and managers to understand the purpose of the organization. It explains
the goals and objectives of the organization in a detailed way. In simple sense it focused on the
two Ws that is;
 Whom we are
 What we are
Values
Every organization is working based on certain values and principles, it is the duty of the
managers to consider the values when they are developing strategic plan. If they are not
considering the values it will not helps the managers to perform better.
Goals and objectives
The managers also has to set board strategies and plans, they also has to develop SMART
(Specific, Measurable, Attainable, Realistic, Timeliness) goals.
Implementation Strategy
It is the duty of the managers to develop an productive implementation strategy for managing the
process in a productive way. We know the fact that most of the international business
organizations are using different methods and strategies for implementing the plan in a effective
way.
Evaluation and monitoring
Management
4

The plan introduced has to be evaluated at right time; with the help of monitoring strategy the
managers can understand the pitfalls in the current plan. They can also use experts for
monitoring the plan in a effective way.
4.2 Define mission and vision and what role the organization vision plays in the strategic
planning process
Mission and vision plays an...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here